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they're policies are, look at the map. look at the map of the united states in terms of seas, prom mentors, harbors these, coast of the united states, the 13 colonies, was jam packed with great natural harbors. the whole coast of africa, thousands of miles, relatively few good harbors which hindered africa's development, but the east coast was packed with them, and the united states, the continental core of the u.s. was the last resource rich part of the zone that was settled and waterways flowing in a convenient east-west fashion than the rest of the world's waterways combined. so i'm saying that americans -- we're important not only because of their ideas and their democracy but because of where we happen to live as well, and so that's why these things, like mountains matter. the himalayas matter. they have allowed india and china to develop into who completely disstink great world civilizations without having much to do with each other, through long periods of history. >> so let's take that image that you offered of america, this amazingly suitable geographical place with all th
monti, and we'll look at where we stand given the issues we're talking about in the united states. >> very good, we look forward to that and over there in europe, they promised more stimwlus this bond buying program announced yesterday. and over here with disappointment, the expectation of more fed action has been heightenned. earlier on cnbc, paul ryan said central bank action made things worse, not better. >> you have a story of central banks stepping in to bail out lackluster fiscal policy. you look at the draghi press conference yesterday for one of the biggest reasons why, but there is no substitute for good fiscal policy. you can't expect central bankers to bail us out all the time. >> draghi said as much yesterday. >> our next guests think their actions stop the depression and are necessary. mark, why do you think representative ryan is right? >> let's talk about providing liquidity in 2008 and the actions sense. i think most of the problems in europe today and in america today are not problems of liquidity. there's not a lack of liquidity in our banking system or corporate
to building bridges between the united states and the arab and muslim world, particularly libya. and i think this is going to sour a lot of americans about the future trajectory of the middle east, about the direction in which the arab spring is headed. and i think particularly this is tragic for syrians. syrians who are now under siege or around 20,000 syrians have been killed by the regime of assad and i think many syrians were hoping for an outside intervention or outside aid to provide some type of save zones. and i think the reality is that after the united states and nato had gone into libya it oust gadhafi, i think there will be far less appetite to want on do anything in syria. >> probably also raises huge questions about money from america that is going to fund some of these governments particularly in egypt where it's $1.5 billion plus another billion that was being put together in a package right now. how do you think that plays out in congress at this point? >> that's absolutely right. egypt is a country which has i think the second or third largest aid package from the united st
. it was in the united states and we are talking about a place where it is not safe to send an f.b.i. agent. why the f.b.i.? because they do the best forensics. they are best at figuring this stuff out. it is our intelligence and others that put more fact on top of that letting us get to the bottom of this. this is benghazi. you do not just go wandering in with 15 or 20 f.b.i. agent. >>neil: something collapsed but we will find out. you are right, joe. very go to see you. >> i think i know why this guy had to draw pictures for the united nations. a lot them are pretty stupid at the united nations. they can tax your patience especially when they tax your wallet. are you ready ? share everything by turning your smartphone into a mobile hotspot for up to 8 wifi-enabled devices at no extra charge. like the new droid razr m by motorola only $99.99. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b med
have a fiscal and monetary problem here in the united states. what will solve the problem right now? so far the fed doesn't seem to be able to create so many jobs right now. >> what bernanke said last week and i agree with him and the evidence points in this direction is the main reason we have an 9.1% unemployment is because of weak demand. if you're thinking about monetary or fiscal policy, on the fiscal side, it comes from tax cutting, spending increases, or both, and we have to worry about that. on the monetary side, what monetary authorities can do is reduce interest rates and try to reduce rates across a broad set of assets through qe policies. the fiscal and monetary side are trying to stimulate demand, and demand is missing to great stronger momentum. >> they're pushing on a string, rant they? >> the fed has the capability to act right now, and i think always, you know, again chairman ber knack key admitted that this policy tool is not a particularly strong tool. >> ben bernanke said that he creating two million jobs. they did analysis and said if not for what we had done, there
.s. debt, as is featured. unbelievable that the debt of the united states could be at risk. but there you have it. it's a big deal. and there is no particular magic wand. the truth is with elected leaders who have been unwilling to tell us we have to pay for what we ask for. so we haven't done it. the debt is now burdening our economy, our growth, our job creation. and, frankly, even our attitudes. it creates a coloration of the whole climate that says, don't take risks. you already own too much. you slow down in that regard, you slow down the ability to solve the problem. that's why we are today. a couple rules. as we begin this conversation to shift from a problem approach to solution approach. first of all, let's try to get our latest essay there are no quick fixes to that, and there are no absolutes, let's stop the exercise of saying i will never, i will never support a tax increase, i will never support a tax on social security or entitlements. all that does is delay the honesty, the ability to work together. we have to do what we have to do to fix the problem that we created. that's
's a crude film. they know it has nothing to do with the united states government. it is an excuse. one intelligence person told me, if you scratch the surface, and if you gave every street vendor from street vendor to prime minister in that region a chance to throw a rock at the u.s. embassy, they would. so this is their excuse. >> look at what's happening in afghanistan 11 years later. >> and look what's happening in afghanistan. and is it just me? willie, is it just me, or is it -- we have the grave concern about the tragedy that happened to the ambassador and our people that have served so proudly for, you know, for the state department who were killed. and yet this weekend, more u.s. troops in afghanistan gunned down by our supposed allies. this happens every day. this happens every day. and yes, our u.s. ambassador being killed is just absolutely horrific. but every single day, young american men and women are gunned down in afghanistan. >> 51 of them this year on insider attacks. 51 nato troops including many americans this year. >> nobody's talking about it. >> to your point exa
've always expected people would get in the united states of america. that only comes from the private sector. that's where, i think, the romney approach, people will find to be the right one. >> this market has been rallying. of course, it seems to be working in obama's favor, even though it's probably has a lot more to do with the central bank and all of the easing out there than it does to the policies. is there any reason to believe that if this president is re-elected, then he moves to the center that, he does the policies that you're talking about that romney, of course, has been leading with? >> i think that's been my greatest disappointment, that we have not seen this government move more to a centerous approach to move the country forward. there were numerous opportunities to do that. i just don't think it aligns with where the president would like to take the country. there's one approach that says static pie, let's figure out how to split it up. that's the approach that's being taken. when they say we're all in this together, we're all in this together, but we're going to take from
first. so of not red or blue states, what the united states. i no they're not that many football fans here today. my first story about president obama has to do with football. he was the last interview that i did for my book. i interviewed three andrew and 50 people will for him and traveled the world. i thought about what i would -- how i would break the ice with him for a long time. i remembered that he is a bears fan than i am a pakistan and that two years ago when the packers played the bears in the nfc championship game president obama announced that if the bears won he was going to the super bowl. the packers won. and the star player on the packers after the game got up on the table of the jesse berman said, president obama will come see us, but we're right to go see him at his house meeting if you win the super bowl you to visit the white house. this was their star quarterback, so when i finally got my interview with president obama and shook his hand and said, mr. president, charles got here before me, but i'm glad we both finally made it. he said, yeah, man, those packers wer
of the countries wider fiscal troubles. no doubt the united states faces a serious fiscal predicament that could turn into a crisis of credit, confidence, of our position in the world if not addressed. at some point financial insolvency at home will turn into strategic insolvency abroad. we are not there yet, but the longer the united states government delays in getting with countries long-term fiscal problems, will only make dealing with them later more painful and potentially more risky in terms of national security. we will get a preview of how damaging this scenario could be at the end of december when hundreds of billions of dollars in mindless across the board spending cuts will take effect for 2013. adding up to more than $1.2 trillion in reduced discretionary spending over the next decade. half of that coming from defense. the result would be grave damage to the u.s. military, homeland security, aviation safety, and virtually all other essential government operations. according to most experts, taking so much money out of the u.s. economy so soon and without any strategy, rationality, or
less than the funding we used to have. and so i think a requirement for the united states is to begin to use it. by 2020, you start to see results coming out at the same international all that we are used to in all of the other fields of science, i think people will no longer say that the space program is dead because we do not have the shuttle. they will say, america is doing a lot of debt to its space station. right now. the europeans are getting more sides of the space station that we built and then we are. >> i have a specific suggestion regarding the space station. if you are a university researcher interested in doing research in the microgravity environment. there are substantial barriers to trying to get an experiment on board the space station. there is a level of review, oversight. what some might view as excessive attention to minute details of experiments that are daunting. too many university investigators. it is too hard to get to the process and get your hardware on the space station. anecdotally, there are researchers who choose not to try it because they do not want t
'm a forecaster, but we, you know, the united states is in this sort of very different position. you might argue japan, somewhat different circumstances, very high domestic savings rate, managed to sort of face a different set of constraints in that environment, but i ultimately agree with vince that, like, you have to deal with this problem, and you can't get around it. but we're operating under somewhat different constraints. >> john? >> yeah. which is everything's fine until it's not fine. but -- >> i didn't say not -- [laughter] >> the point is this time is different. [laughter] >> anyway, of course -- >> don't want to go there, vince? >> with yeah. >> all this precluding vince and ken's study was music to the ears of the folks at the imf who have had this view for some time that this is how these situations have to be, have to be dealt with. but certainly lew is right, everything doesn't have to get fixed today, but it's got to get fixed, and it's been the key, and the key is that it has to be that people have to have confidence that it will be fixed, and that's the tricky part; namely, how
this morning. they'll just try to get a share of the touch screen market in the united states. to your point about cash going out, more smart phones being sold than expected it is still a big shortage so the move today, is that indicative of -- >> they're not going out of business. >> even though the core operations remain unprofitable. their cash build was 2.3 from 2.2 on the quarter. >> they had more cash than previously. >> and their shipments continue to go down. they bleed people. >> you have the developing countries now. >> the pricing pressure is greater. >> there's always ban thought someone would buy them. but people felt why buy them because they'll run out of money and when they run out of money you can get them for nothing and you get all that intellectual property for nothing. there's a lot of companies that wish they had that keyboard patent. maybe that is worth something. i'm just saying that, look. i want the blackberry 10 to ship earlier. i thought becky's interview was terrific. it's very difficult to be as negative as you might have been before knowing that the restructuri
able to read that the united states is not as prepared as it should be for this type of cyber attack. >> we're not anywhere where we need to be in terms of a country with respect to preparedness and ultimately in response. the head of cyber command, general keith alexander, i think put it best when asked to evaluate one to ten where the u.s. capability is. he put it at a three. obviously this is not a very good position to be in, especially when you have a number of actors out there. china and russia are very active in terms of computer network exploit. that's espionage in cyberspace. they're increasingly integrating cyber warfare into their military planning and war fighting capabilities. these are all issues we need to take very seriously and we need to enhance our own defensive capabilities as well as invest on the offensive side as we will never firewall our way out of the problem. initiative resides with the attacker. >> is it a money issue? is it an investment of money issue in the infrastructure to combat this kind of crime? or is there something else that the united states sh
of the united states in defense and wait it was so dangerous that we might lose the cold war. kennedy said that over and over again. to some extent, one of the reasons that he won the election in 1960. he gets into office and has access to intelligence and realizes that actually soviets are way behind, extremely behind. there is a missile gap in the united states. the problem was that kennedy in the campaign, they said that we need hugely increased defense in order to make up for it and he was committed to that. the result was in 1961 at that time, the largest defense bill in human history, and it was to a great extent that it made -- needless to say, the missiles could have caused a lot of destruction. >> host: wended nikita khrushchev come on the scene? >> guest: it did take some people to the blog, but not nikita khrushchev. there were two leaders who were essentially a joint leadership. by 19541956, khrushchev was a supreme leader. >> host: what policy changes came with his ascension? >> guest: khrushchev would've been shocking to anyone in the west. but khrushchev actually realized th
. he is the chairman of the council on foreign relations and the former secretary of the united states treasury. he joined the clinton administration in 1993, serving in the white house as an assistant for economic policy in the first director of the economic council. he served as our nations secretary of the treasury from 1995 to 1999 and from 1999 to 2009 he served as a member of the board of directors and a senior adviser to that company. from that point on, he has served in various communities and community organizations and at this time, those who need his talent. we are privileged here to have a distinguished american with us take his time and service about this issue which we believe is so important to our country and our future. thank you for joining us and thank you for testifying before us. we appreciate your presence. >> one word, i think the secretary treasurer -- the last time we were trying to figure out what was going on -- >> that is true, sam, we decided to do something to get rid of them. >> we are glad to have you. >> he knows about budgets because he led an executiv
the united states does not talk about trickle-up economics, take that 80%, educate them, make them pay taxes, and stop charging the top 5% more and more for what they create. why is that conversation not happening here? >> well, that's part of why inet, the institute for new economic thinking, was founded. james heckman at university of chicago and nobel prize-winning economist and i are working on a major program. we have 179 people worldwide on early-age human capital, early-age education which includes public health. >> you just have to put more resources into the education system to make it work. >> and better allocation of incentives, absolutely right. you're talking about a national tragedy. >> the word "resources" is loaded especially this week when we've got chicago teachers facing a potential injunction. >> yes. >> overturning citizens united, right, is not going to -- is not going to pacify what's happening outside. >> mm-hmm. >> neither is paying teachers more or giving them a shorter school year. right? >> i think if you paid teachers more, say relative to other professions, you
's effort. jon: what do they get out of it? is it iranian oil, is it tweaking the united states? >> reporter: it's both of those but they are acting in their own interest. as every nation should. we sometimes apologize for acting in our best interests. but russia and china view it as important to their agenda to block the sanctions in a meaningful way. jon: president obama said he would do whatever it takes to keep iran from gaining a nuclear weapon. will we? >> not under his administration, that is for sure. he's been saying this all openings are on the table for three and a half years and it just has no credibility at this point. the israelis don't believe him, the iranians don't believe him, the russians and the chinese don't believe him. that's why i believe ahmadinejad comes from a place of confidence because his overall stra teak eupblstrategic objectives can be well undertaken. the u.s. issued a statement this morning they weren't attending because it's yom kippur a hole who hwho he lee faith for the jewish faith. i think the u.s. delegation should have walked out on monday when mahm
illegal even here in the united states. in other words, the president of pakistan, one of our supposed allies, is calling for the united nations to enact international law that would trump the u.s. constitution. jon? jon: what a world. jonathan hunt, thanks. arthel: the road to victory in 2012 winding through ohio and the push for votes in this key swing state is kicking into high gear. president obama campaigning in ohio today less than a week before early voting gets underway. he'll be holding campus rallies at bowling green state university and kent state this afternoon hoping to drum up support among young voters. the republican campaign is crisscrossing the state on a three-day bus tour. governor romney today blasting the president's foreign policy and his handling of the economy. >> with incomes going down, every year going down, down, down, and prices of electricity up and health insurance up and the cost of gasoline having doubled, these are tough times even for families with jobs. i know what it takes to get this economy going again. i care about the people of america, and the
here in the united states? we've got similar issues, don't we? we have an e more nor we? we have an e more nomous debt l and the debate on what to cut. >> there's always a question of priorities and where you focus your attention. i think the president has made a major effort to reduce the budget deficit and also to invest in the future of the country, just like a corporation in many senses that has too much debt, that it has to put its debt in line with its ability to raise revenues. it also has to invest in its future. the president, i think, is investing in education, infrastructure, many things that will make the country stronger. that's really the goal. it's to have a sound budget policy but also invest in the country's future. i think that's what the president's trying to do. >> but bob, we haven't had a budget in three years. >> well, a lot of programs that he's proposed have not gotten through the congress. that's a big challenge. he's focused on education. he has a very significant proposal on infrastructure development. these are the kind of things that are needed to make us
moved, not by what's going on here in the united states, but what's been going on in europe, which says to me two things. one, any bad news out of europe is going to send the market down. two, eventually people are going to have to pay attention to what's going on in the united states. i'm expecting we're heading into earnings season, i'm expecting anemic growth, and eventually that's going to have to play into the situation here. i mean, i know you don't fight the fed, but eventually we have to come back to what's going on in terms of fundamentals and stop focusing on monetary policy. >> what do you think? are we going to focus on fundamentals? if you are, kurt, would you be a seller of this market? >> we are focused in on fundamentals. i think this has been a tug of war between the reflationists and some of the risk that's been perceived in the market. we're not investing in gdp. we're investing in earnings. so far, earnings has held up. so far this year the stock market has been doing well. we'll focus on earnings. in terms of am i a buyer here, i'm taking selective positions because
for a permanent display in emancipation hall of the united states capitol. the presiding officer: is there objection to proceeding to the measure? without objection. mr. reid: i ask unanimous consent, mr. president, that the bill be read three times, passed, the motion to reconsider be laid on the table, with no intervening action or debate, any statements related to this matter be placed in the record as if read. the presiding officer: without objection. mr. reid: i now ask consent that the senate proceed to s. res. 551. the presiding officer: the clerk will report. the clerk: s. res. 51, commending the four american public servants who died in benghazi libya, including ambassador j. christopher stevens for their efforts on behalf of the american people in condemning the attack on the united states consulate in benghazi. the presiding officer: is there objection to proceeding to the measure? without objection. mr. reid: mr. president, i now ask that the resolution be bread to the preamble be agreed to, the motion to reconsider be laid on the table, with no intervening action or
this year particularly in the united states and i think we were due for it a bit of a correction. but overall the story has been one of tail risks and tail valuations. the relative valuations of stocks and bonds are extreme around the developed world and as central banks have moved in and removed some of the tail risks, as that has happened i think markets are a subdued global economy, because more global economy. >> well, oil certainly has gotten focus in the wake of the fed's move on qe infinity. is it your view that prices have further room to run if stocks do as well? i know you're sort of a little cautious on the macro picture here. but macro might not matter if there's more support from the central bank. >> i don't think that oil prices will get pushed up by the global economy that much the question is whether there be a coordinated attack on the nuclear iranian facilities. if that happens and disrupts oil supplies, that could obviously push oil prices much higher. so i think there is a certain amount of sort of middle east tension risk built into oil prices. hard to disent
that word, the auto industry of the united states at that time? >> it sounds like rhetoric. but -- and it is rhetoric, i guess, because it's words. but i think they're actually factual words. president bush and hank paulson agree because they were the first ones to provide capital to the auto industry. if the government had not stepped in, these companies would have had to literally shut their doors, they would have run out of cash, had to lay off their workers. the suppliers would have gone down. ford would have gone down. the industry would have shut down. whether it would have ultimately liquidated would depend on what would have happened after that. >> that is not the case. and in fact we got some very strong numbers earlier this week. are you surprised at the strength of auto sales at this point? >> no, i'm not surprised because you need to sell 15 million cars a year in this country simply to keep the fleet from aging. and we have not done that now for over four years. this is unprecedented in american history. so you have a huge amount of pent-up demand for cars beca
from the united states and asia as well. the big talk is draghi today. people are happy he did come through with what he said he would. there is a debate on whether it was exactly what we expected or better for the short term, but i really think that is the key. over the short term, people have very, very happy for the ability for stimulus and solve rans and to be able to be accessing this window from the european central bang. longer term is a bigger question. at this point, the next question to ask is who will utilize this program. there is a stigma attached. for example, one leader that i was talking to tonight said to me if spain says we're going to utilize this, it's an admission. italy, again, a stigma astaffed in terms of utilizing that program. people do not expect the italian government to access this right away. they don't think italy is in the same position at spain. spain needs it more, but that stigma is holding back expectations. so the question now is which country will use it, which will use it right away, and if in fact they will, will that be a negative at some poi
the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ for the spender who needs a little help saving. for adding "& sons." for the dreamer, planning an early escape. for the mother of the bride. for whoever you are, for whatever you're trying to achieve, pnc has technology, guidance, and over 150 years of experience to help you get there. ♪ >>> "squawk box" keeping our eyes on the prize, its eight a "squawk" oil summit. the smartest minds in the industry. >>> safeguarding your online reputation. the founde
a stake in and it's tesla here in the united states. they're coming out and saying that they're developing plans, they'll have to slow things down, not going as quickly as originally thought. any concerns about the demand in the future for the electric car given your investment in tesla? >> i think the oem is never in a hype mode as some of the media was as far as electric cars are concerned. this transition will happen. it's a long transition. we're very very beginning. we'll see customers, but of course so far it's a niche and will take time to develop. we will continue to pioneer this market and in 10 or 20 year, electric cars will play a significant role. >> doctor, thank you for joining us live from the paris auto show. joe, becky, andrew, it does not lk like there's a bottom. we're hearing from ceos and they are not seeing a bottom yet. are you looking out at 2015, 2016 before the auto industry can say, okay, at least we see a base here. >> bad news add to go a pile of bad news we've heard recently. phil, thank you very much. and we do want to have you back here soon to talk to us mo
of the market. it is in the hands of the eflt cb not the hands of united states. >> we should point out tomorrow we will get some sort of plan or are expecting to from the ecb perhaps some details about a bond buying plan of some kind that we're hearing some things about today. the market may be disappointed in that these reports seem to indicate they'd be targeting three years and less in terms of maturity. that they would not have a yield target perhaps, say we're not going to let it go above 7%, and that it would be sterilized purchases. there are some who believe, hey, you need to actually increase the money supply. really if you're going to get things moving in europe but of course the germans are always concerned about inflation and sterilization which basically means they'll try and take in as much in deposits as they buy in bonds. sort of keeping -- >> somebody tweeted this morning fed bernanke needs to show them how you really print money. and, jim, one other facet of this report is that the head of the bach the german still remains the one lone hold out to this bond buying policy meani
. but here in the united states, with respect to the rally, i'm getting a large number of questions. we're getting a large number of questions about whether or not the stimulus boost from federal reserve easing is what it used to be, so to speak. i would remind people take a look at the last couple of instances, we've had similar measures. we've had similar instances of people wondering whether the fed was -- if i had $1 for every time we talked about the fed being out of bullets, i'd have lots of dollars. and we're going through that again. >> they would all be worth less. >> the previous dollar, yes. >> less than maybe ten years ago. not necessarily less than five years ago. >> shame on you for that populist comment there that you should be cutting taxes in europe. at what point do you think the spanish are going to cut taxes given the situation that they're in? shame on you for appealing to your republican base in such a shameless way. >> btig's clients would be interested to know that i had a republican base, but listen. at the end of the day, there isn't a sort of a one-size-fits-a
from the united states capitol building. not much going on here in washington these days. if the president comes back in town, it is usually only to spend the night and then he's back on the campaign trail as he was yesterday in virginia. what a quinky dink. romney and obama both in ohio on the same day and both in virginia this week on the same day. do you think they're coordinating their schedules? maybe they ought to ride on the same bus. make things a lot easier, wouldn't it? we've got lots and lots to talk about here on the "full court press" today and lots you'll want to call about at 1-866-55-press. that is our toll free number. peter ogborn and dan henning as always. team press here. >> happy friday. >> with cyprian bowlding on the cameras. >> nice to see you. >> bill: everything good. "saturday night live" had a lot of fun last night. they did a thursday special. they do this sometimes during presidential elections. and they've got this new guy who plays president obama. >> i like him. >>
assure you if i'm president of the united states i'll stop the divisiveness and do everything in my power to unite the american people! >> we'll break away from governor romney as he talks about this morning's jobs report a few moments ago. if you were with us, you saw the president in new hampshire speaking to his supporters. governor romney's saying that the unemployment picture at the current point is a national tragedy. emphasizing that unemployment has been above 8% now for some 40-odd consecutive months. sue, what we hear here are two candidates, president obama in effect saying i think the jobs numbers were very poor, not happy with them. >> exactly. >> i need congress to help me do something about it, laying some of the blame and maybe much of the blame on the opposing party and mr. romney saying by contrast the buck stops in the oval office. >> i can tell you, ty, the chatter down here has to do with congress, as well. everybody down here knows it's a tight race. that's why as bob mentioned they're watching the in-trade percentages move but regardless of who takes the white house
's the best case scenario. >> does allow us to focus on the united states. >> exactly. >> we're probably doing better than any economy in the world. >> you're not trying to whistle past graveyards on that front, right? you're not trying to ignore europe. >> melissa mentioned the trading perspective. i think that the traders are saying, okay, now, what do we have here, and when we look at here, well, why don't we see with the steel industry, the auto industry. we focus -- the fill lebeau interview was incredibly important where allan mull ha ly says europe, we don't have it. the truth is united states has it. 14.5 million vehicles. that is a bull market in cars. >> right. >> we are talking about this upgrade today. sun trust, why is sun trust upgraded? i think that's very significant, not just because my trust owns it, but i'm looking at sun trust saying that is, again, the housing market in the south because the federal reserve didn't like sun trust. housing, autos, retail. what else do we need? >> right. >> well, we could use china to start growing a little bit faster instead of going the oth
in the united states on food assistants? that's staggering. we have not produced a single net new job. there is a bridge that has to be gapped, and ceos want to see what plan and the path is. >> the fiscal cliff has a lot of ceos concerned, what about you? >> i think that's the number one concern. it's a 3% hit to incomes in gdp terms, and the economy only grows 2%. if that happens, and we won't know until after the election, it will wipe out job creation until next year. we're hoping and thinking it gets fixed, but we have to see the election and get into december. >> more things to worry about and think about in the meantime. >> pretty sobers. >> 37 minutes until the closing bell. the nasdaq is higher by 61. >> that is a four.5 year high for the s&p 500, is there more room to run? should you take profits? >>> new claims, president obama and john boehner had a massive blow up over the collapse of the debt deal last year. we're talking about a tirade from the president, can they possibly work together to fix our debt situation if both remain in power after november. >>> and don't mist
of the highest levels of the united states government. don't they realize this just emboldens al-qaeda? andrea, the issue here is what is the perception in the muslim world? what is the perception among radical muslims? how does the obama administration treat what is going on in the middle east? >> andrea: considering that hillary clinton is on the hill lobbying for more aid to the countrys egypt and libya, they're laughing. they are saying they are not even going to acknowledge this was an act of terrorism. the only reason that jay carney came out and said it was self-evident. if it was, he should have been more self-evident himself, because the national intelligence officer came to capitol hill and admitted it was a terrorist act. look, they knew from day one this was a big embarrassment. they have gotten terror wrong before. remember the bomber, they said was isolated incident, lone wolf. they make the gaffes because they don't want to acknowledge real terrorism. eight weeks before the election, national humiliation on their hands and they don't want to be held responsible for dropping the
in lebanon or destroi a cool in tune this -- he does not think that the united states can live with the nuclear armed iran. carl, one point to think about as we think about the president's remarks here, he's been under fire f, and the obam camp is making an important issue, obama is clearly walking a tightrope today and doesn't want to threat up his re-election chances. a very dell rat moment politically. >> not to mention anyone trying to drive in midtown manhattan. let's goat to headquarters with the market flash. >>> shares of carnival are higher 3.5%. what we heard from them, better than that, at the same time, you'll see this tempered stock and this stock is trading higher. >>> still ahead, marissa meyer announces her grand plan. >>> and "squawk on the street" will be live with both organizations. we don't call this our company, we call this our mission. green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we nee
and doing letterman in the same week. honestly, bob, president of the united states, commanderer in chief does interview with pimp with a limp? then he did letterman the same week. then on "the view." forgot, sorry, right? that same day he had a big event with jay-z and beyonce with $300 bottle of champagne from the floor to the ceiling. this is more of, it's not necessarily about foreign policy. is this the kind of president that you want to have? >> bob: he has been on letterman, kelly rippa, whoever that is. >> dana: seriously? >> eric: do me a favor. i want to run the sound bite. think of this in context of why would president obama say something so outrageous unless he wanted to keep the conversation on the middle east. on foreign policy? listen. >> i was pretty certain and continue to be pretty certain that there will be bumps in the road. in a lot of these places, the one organizing principle is islam. >> these are not bumps in the road. these are developments we don't want to see. this is time for the president who will shape events in the middle east. not just be merciful or be m
of years here in the united states, no matter who's in charge. others think we're headed well down from here. how do you see it? how are you kind of playing this out? >> i really see that the u.s. has one of the most dynamic economies. a lot of entrepreneurs that can always figure out where else to take their companies. and i think this is -- we have seen that in shell gas, where shell gas went from nowhere to 50, 60, now 80 billion cubic meters of annual production. it's unbelievable. and i think this is something that, you know, we do believe in the u.s. economy in the fact that, you know, u.s. cooperations will always come up with new ways of satisfying that demand. >> andrei, thank you. >> thank you. >>> coming up, the jobs report could become a political football on the campaign trail. new england patriot president jonathan kraft will join us with a unique indicator. first, what happens when you send a conservative free market economist to the dnc with a microphone? peter shift found out and he'll join us live at 6:50 a.m. here's a little preview of that. >> how about a cap on prof
to be yet more liquidity coming into the system. probably both in universieurope united states. that keeps the action going. >> is that a good thing, don? what do you think about that? is it a good thing we're seeing such momentum in this market ahead of the fed policy, ahead of any of the policy coming out of any international central banks? >> what it does have is a very good effect from the standpoint of mr. obama because, although -- well, people say the unemployment number was terrible, so that's bad for obama. all the polls show that if the s&p 500 is doing really well, that the people out there tends to be more tolerant of some bad economic numbers. on the other hand, if the s&p is cratering and we're getting bad unemployment numbers, then that's good news for mr. romney. >> september and october typically are volatile periods for this market. some tough times right now. ron, one of the expectations is that the fed may add liquidity, but they may also extend the period of time that the fed will keep rates low for that period of time. maybe into 2015 is the expectation. is it a bit d
for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> why is no one worried about the transports? here's a question i was asked three times on friday. three times this weekend online. until the rebound today, this group has been horrendously weak. lots of people actually really are worried about the transports or they wouldn't be asking about them. second, it doesn't seem to matter that lots of people are worried about the transports, even if it say
. that has more tweets than when the president of the united states came out in support of gay marriage which is one of the biggest hot topics of the past decade. it has more tweets than when beyonce, like the legendary beyonce, made her first tweet and even more tweets than when nasa tweeted out that we landed on the planet mars. >> wow. >> it's totally insane and going to be when we look back at the end of the year at one of the stories, that we're going to be like, wow, this was the story. >> a million tweets about it that night on "monday night football." >> it's insane. >> our last category is the it list, a couple of viral items. first up, this father. showing the pictures a little bit this morning. >> love this dad. this dad is so awesome. so, you know, we've been talking about more serious stuff and serious problems. the internet, it's all about the emotional connection you have with something, and these photos. how can you not like look at the photos and say this is so cute. like the pancakes this. dad is totally awesome. the cool thing about this is this is actually becoming a trend
contributor. david foon is part of the fastest growing jewish newspaper in the united states. gentlemen, how big of a factor is this tension between iran and israel factored into the price of oil? >> there's no question that today's run-up, marimaria, was direct reaction. we got a leak of some of the speech earlier before the market opened that, in fact, prime minister netanyahu was going to state what this red line was going to be all about. now we know. of course, it comes on the heels of ahmadinejad's speech yesterday. this got right back in the forefront of the traders and the markets' mind here. what it represents, of course, for oil is, you know, the mother of all supply risks here. the strait of hormuz comes into play. the whole region comes into play. obviously, it's almost a mild reaction given what we got here today. we're clearly on a path to something, some confully grags. i do say given that netanyahu says they won't get to that final stage until next summer, we have some time. >> david, what did you think of the red line speech? netanyahu has pressed for this before. the u.s. i
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